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Mr. Battle
To ask the Chancellor of the Exchequer what would be the cost to the Exchequer of increasing the maximum limit for mortgage tax relief to (a) £40,000, (b) £50,000 and (c) £60,000.
Mr. Maude
The estimated costs at 1991–92 levels of increasing the ceiling on mortgage interest tax relief are shown in the table.
| Ceiling on mortgage interest tax relief | Cost of increasing the ceiling on mortgage interest tax relief for 1991–921 |
| £ | £ billion |
| 40,000 | 0·7 |
| 50,000 | 1·1 |
| 60,000 | 1·3 |
| 1 The estimates are based on the distribution of existing mortgages and therefore exclude behavioural effects which might result from the change and could be substantial. | |